Elon Musk will be seen at a rare court trial where a bunch of high-profile Tesla shareholders are suing his ass — for allegedly acquiring SolarCity for $2.6 billion in 2016, only because the company had to be saved from bankruptcy, enriching the Musk family, despite no direct value added to Tesla.
Counter punch — while the media spins the fiasco as ”poor Musk” having to show up in court, bearing with the law of the peasants, Elon might actually be trying to have his moment. Turns out while all other board members included in the suit settled for $60 million last year, Musk was the only one who decided to contest.
If the court rules against him, Musk could be on the hook for $2 billion out of his own pocket. If not, man gets lauded for standing up to “evil” shareholders. Either way, headlines guaranteed!